Envision Financial

Last updated
Envision Financial
Type Credit Union
Industry Financial services
FoundedDelta Credit Union: 1946
First Heritage Savings: 1954
Merged as Envision Financial 2001
Valley First Credit Union (1947) and Envision merged as First West Credit Union (2010)
Headquarters,
Key people
Tamara Hendsbee, President
Parent First West Credit Union
Website envisionfinancial.ca
Footnotes /references
Institution number: 809 (First West Credit Union)

Envision Financial, a division of First West Credit Union, is based in British Columbia, Canada. Founded in 1946, Envision Financial was established in 2001 through a merger between Lower Mainland-based Delta Credit Union, whose roots were in the fishing industry, and Fraser Valley-based First Heritage Savings Credit Union, which had historic ties to the farming and agriculture industries. First Heritage Savings Credit Union was the product of a merger between East Chilliwack Credit Union and Clearbrook District Mennonite Savings Credit Union in 1983. [1] It is insured by the Credit Union Deposit Insurance Corporation of British Columbia.

Contents

In 2008, Envision Financial entered into discussions with Penticton-based Valley First Credit Union to merge with one another and develop a new financial services organization for Western Canada. In September 2009, members at both credit unions voted in favour of the merger proposal, and on Jan. 1, 2010, Envision Financial and Valley First merged to become First West Credit Union. In 2013, Enderby & District Credit Union joined First West Credit Union, followed by Island Savings Credit Union in 2015.

First West Credit Union has $14 billion in total assets and assets under management, approximately 1,250 employees and more than 250,000 members. The credit union is the third largest in B.C. and the fifth largest in Canada. [2] Its divisions—Envision Financial, Valley First, Island Savings and Enderby & District Financial—operate under their existing brand names in their respective markets.

About Envision Financial

Envision Financial has a network of 19 branches throughout B.C. in the communities of Abbotsford, Chilliwack, Delta, Hope, Kitimat, Langley, Mission, Surrey and Maple Ridge. Its regional administration centre is located in Langley.

For eight consecutive years, Envision Financial was recognized as one of the 50 Best Employers in Canada by The Globe and Mail 's Report on Business magazine, which publishes the annual 50 Best Employers in Canada survey conducted by Hewitt Associates. [3] In 2007, Envision Financial received the inaugural "Employer of Choice" WorkLife BC Award sponsored by the British Columbia provincial government's Ministry of Children and Family Development. [4] Envision Financial is also designated a Caring Company by Imagine Canada. [5]

Related Research Articles

<span class="mw-page-title-main">Fraser River</span> River in British Columbia, Canada

The Fraser River is the longest river within British Columbia, Canada, rising at Fraser Pass near Blackrock Mountain in the Rocky Mountains and flowing for 1,375 kilometres (854 mi), into the Strait of Georgia just south of the City of Vancouver. The river's annual discharge at its mouth is 112 cubic kilometres (27 cu mi) or 3,550 cubic metres per second (125,000 cu ft/s), and each year it discharges about 20 million tons of sediment into the ocean.

<span class="mw-page-title-main">Fraser Valley</span> Geographical region in British Columbia

The Fraser Valley is a geographical region in southwestern British Columbia, Canada and northwestern Washington State. It starts just west of Hope in a narrow valley encompassing the Fraser River and ends at the Pacific Ocean stretching from the North Shore Mountains, opposite the city of Vancouver BC, to just south of Bellingham, Washington.

<span class="mw-page-title-main">Chilliwack</span> City in British Columbia, Canada

Chilliwack is a city in the province of British Columbia, Canada. Chilliwack is surrounded by mountains and home to recreational areas such as Cultus Lake and Chilliwack Lake Provincial Parks. There are numerous outdoor activities in the area in which to participate, including hiking, rock climbing, mountain biking horseback riding, whitewater kayaking, camping, fishing, golf, and paragliding. Chilliwack is known for its annual corn harvest, and is home to the Province's second largest independent bookstore The Book Man. The Fraser Valley Regional District is headquartered in Chilliwack, which is the Fraser Valley's second-largest city, after Abbotsford.

<span class="mw-page-title-main">Coast Capital Savings</span> Canadian financial co-operative

Coast Capital Savings Federal Credit Union is a member-owned financial co-operative headquartered in Surrey, British Columbia. It is the largest credit union in Canada with 600,000 membersthrough its 45-location branch network. In 2022, Coast Capital's net income was at $94.1 million. Coast Capital Savings operates nationally and has branches located in British Columbia, including Metro Vancouver, Fraser Valley, Okanagan and Vancouver Island regions.

<span class="mw-page-title-main">British Columbia Hockey League</span> Junior hockey league

The British Columbia Hockey League (BCHL) is an independent junior hockey league with 17 franchises in the province of British Columbia.

<span class="mw-page-title-main">Alterna Savings</span>

Alterna Savings and Credit Union Limited, commonly called Alterna Savings, is a credit union based in Ottawa, Ontario, Canada. In addition to its credit union branches in Ontario, it also operates across Canada through its direct banking subsidiary Alterna Bank.

<span class="mw-page-title-main">Gulf & Fraser</span>

Gulf and Fraser Fishermen's Credit Union, operating as Gulf & Fraser, is a member-owned financial institution in Burnaby, British Columbia, Canada, and is the sixth largest credit union in British Columbia by asset size. With a history dating back to 1940, Gulf & Fraser provides banking and a variety of financial services including borrowing, investments and financial planning. It is insured by the Credit Union Deposit Insurance Corporation of British Columbia, a crown corporation that insures the deposits of credit union members.

<span class="mw-page-title-main">Canadian federal election results in the Fraser Valley and the Southern Lower Mainland</span>

This is page shows results of Canadian federal elections in the Fraser Valley region of British Columbia. As defined for this article, the Fraser Valley includes the southern suburbs of Vancouver. Areas outside the Fraser Valley, namely the Fraser Canyon and regions to its west, are also included within one of the ridings. The largest of these ridings is the Chilliwack-Hope riding. This riding also includes most of the Fraser Valley until it joins the Okanagan-Similkameen and extends westward until outside Abbotsford.

The Aldergrove Credit Union was a credit union in Aldergrove, British Columbia, Canada with approximately 20,000 members and assets around $807m CAD.

Servus Credit Union is a member-owned, community-based financial institution based in Edmonton, Alberta, and in 2015 became the second-largest credit union in Canada and the largest credit union in Alberta. Servus has around 380,000 members, who are served by nearly 2,400 employees from 100 locations in 59 communities across Alberta and as of 2021 has $17.2 billion in assets under its administration.

<span class="mw-page-title-main">BC Games Society</span>

The BC Games Society is a provincial crown corporation in British Columbia created in 1977. The organization is the governing body responsible for the BC Summer Games and BC Winter Games, and manages the Team BC program at the Canada Games. Ron Butlin served as the first manager-director of the society from 1977 to 1987.

Island Savings, a division of First West Credit Union, is based in British Columbia, Canada. Since 1951, Island Savings has served communities on Vancouver Island and Gulf Islands.

First West Credit Union is British Columbia’s third largest credit union with nearly $16.9 billion in total assets and assets under administration and more than 250,000 members. Its core business is traditional banking, the provision of personal and business daily banking services. First West has the largest geographic reach of any credit union in the province with 45 branches throughout B.C. The credit union is headquartered in the Vancouver suburb of Langley and has regional administration centres in Duncan on Vancouver Island and in Penticton in B.C.’s Southern Interior.

Launi Skinner is a Canadian business woman, with 20 years of experience leading several high-profile companies within Canada and internationally, including Starbucks US, 1-800-GOT-JUNK?, and First West Credit Union. Skinner is currently chief executive officer of First West Credit Union, one of Canada's largest credit unions.

<span class="mw-page-title-main">Old Yale Road</span> Early road in British Columbia, Canada

The Old Yale Road is a historic early wagon road between New Westminster, British Columbia, Canada and Yale, British Columbia, and servicing the Fraser Valley of the British Columbia Lower Mainland in the late 19th century and into the early 20th. It eventually became an early highway route for automobiles through the valley and into the British Columbia interior beyond Yale. It would eventually be part of, then surpassed by, the Fraser Highway, the Trans-Canada Highway and the Highway 1.

Valley First, a division of First West Credit Union, is based in British Columbia, Canada. Founded in Penticton in 1947 as the Penticton and District Credit Union, Valley First was established in 1983 following a period of expansion through the Okanagan and Similkameen valleys. Valley First continued its growth into the Kelowna market throughout the 1990s, before amalgamating with the Armstrong Spallumcheen Savings and Credit Union and buying the KCP Credit Union in Kamloops in 2001.

Humanomics is a national initiative that was launched by a number of credit unions across Canada on May 1, 2014. The purpose of the Program is to bring a human focus to the concept of economics, by having the participating credit unions support their communities by re-investing profits, and provide opportunities to improve Canadians’ financial well-being.

An electoral redistribution in British Columbia was undertaken by the BC Electoral Boundaries Commission beginning in 2014 and was formalized by the passage of Bill 42, the 2015 Electoral Districts Act, during the 40th British Columbia Parliament. The act came into effect on November 17, 2015. The redistribution added two seats to the previous total, increasing the number of MLAs in the province from 85 to 87. The electoral boundaries came into effect for the 2017 election. The next redistribution is required to occur following the 2020 British Columbia general election.

References

  1. Our History Envision Financial. Retrieved June 27, 2018.
  2. CCUA Facts & Figures
  3. "Hewitt Associates' 50 Best Employers in Canada survey". Archived from the original on June 8, 2009. Retrieved May 1, 2007.
  4. "Envision Financial Receives WorkLife BC Awards". February 9, 2007. Archived from the original on September 30, 2007. Retrieved May 1, 2007.
  5. Imagine Canada's Caring Companies List Retrieved June 27, 2018.